Cyprus banking sector: branch and bank worker ratio one of the highest in Europe

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According to the European Central Bank (ECB), a year ago Cyprus had the lowest proportion of labour force per bank office and ranked the second place after Luxembourg with regards to the bank employees. The statistics data prove to the more integration in the banking field in Cyprus.

In a meeting, a financial specialist said that while presenting innovation could help shorten branches and laborers, and eventually spare costs, they are hesitant to do as such as Cypriot clients are less eager about being adjusted by machines than other European purchasers.